Lundy’s promotional/legal problems not over

Boxing 360 President Mario Yagobi said today that although New York Supreme Court Justice Charles Ramos ruled against a last-minute injunction to cancel “Hammerin'” Hank Lundy’s nationally-televised fight with Mexican challenger Raymundo Beltran, Boxing 360’s lawsuit against Lundy and Classic Entertainment & Sports, Inc. is by no means over. Boxing 360 sued Lundy and CES on July 18th for declaratory relief, breach of contract, fraud, and misrepresentation together with the claim for punitive damages.

“On December 23, 2010 Boxing 360 entered into an exclusive promotion agreement with Hank Lundy for which we paid him a substantial retainer,” Yacobi said. “Subsequent to the execution of the agreement it came to our attention that Lundy, while his petition in U.S. Bankruptcy Court was still pending, may have executed an agreement with CES. Our attorneys are reviewing the U.S. Bankruptcy Court filings to see if CES has as agreement with Lundy. Boxing 360 has Lundy under contract. Any fights in which Lundy participates in the future are now under the legal cloud of our lawsuit.”

As for Thursday’s CES press release touting a “a knockout victory in a New York City courtroom,” Yacobi stated, “Any industry blog reports stating our lawsuit has been dismissed are erroneous. Our lawsuit continues. Lundy and CES were served with the Summons and Complaint in the action this week. Boxing 360 intends to vigorously pursue the action against Hank Lundy and CES.”